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seeking his remedies under the
contract of indemnity included in the deed of dissolution. It is on
these facts that ... clauses in the deed of dissolution constitute a contract of indemnity
as alleged by the appellant or not. The appellant
Bombay High Court
credit;
(ii) Contract of guarantee; and
(iii) Contract of indemnity.
16. The learned author H.P. Sheldon his Practice ... Section 124 of the Contract Act defines the contract of indemnity
as: -
"A contract by which one party promises
Karnataka High Court
holding that the document in question is a contract
of indemnity as contemplated under Section 124 of the Contract ... respondents in favour of the appellant is a contract of
indemnity or is a contract of guarantee
Bombay High Court
right to bring a suit on the contract of indemnity if, as a
result of the purchaser's failure ... which applies both
to express and implied contracts of indemnity, the cause of actio
n arises when the vendor
Supreme Court of India
that Clause 13 of the agreement was a
contract of indemnity and mere execution of the two mortgages would ... Clause 13
of the agreement is clearly a contract of indemnity by which the bank
is indemnified in connection with
Supreme Court of India
perform an act for consideration or a contract of
indemnity, in which case a suit for damages incurred ... indemnity
against the encumbrances affecting the land. The contract of
indemnity may be express or implied. If the purchaser, covenants
Allahabad High Court
VIII of the Contract Act deals both with contracts of
indemnity and guarantee. A contract of indemnity is defined ... that the Contract Act draws a distinction between contracts
of indemnity and contracts of suretyship, and that contracts of
suretyship
Madras High Court
contended that these clauses amount merely to a contract of indemnity,
and therefore the respondents, the vendors of the property ... itself, would not make
it a mere contract of indemnity, All that it means, reading it with the
other clauses
Madras High Court
broker to the broker was a contract of
indemnity or a contract of guarantee or suretyship to which alone ... agreement. While discussing the
distinction between a contract of indemnity and a contract of guarantee
Beaumont C. J., at page
Madras High Court
capital asset'.
11.3 The contract of insurance is an indemnity contract to make good
the loss or damage ... have any
financial gain as a result of the indemnity contract.
11.4 There are various methods of providing indemnity
Income Tax Appellate Tribunal - Mumbai
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